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    16801 Sprague Ave Spokane Valley, WA 99037

    Sponsored
    For Sale
    $500,000

    1-Acre Commercial Lot, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Invest in this approximately one-acre commercial land parcel in Spokane Valley, WA (exact size to be verified by survey). Located at 16801 E Sprague Ave, 99037, this Corridor Mixed Use zoned property presents diverse development opportunities. Ideal for various projects, including single-family homes, multi-family units, or apartment complexes, the possibilities are extensive. A newly established easement on the northwest corner provides convenient access. Potential buyers should note that surveying costs, property division expenses, and potential fire hydrant relocation costs are the responsibility of the purchaser, contingent upon their development plans. This prime location within Spokane Valley's thriving corridor offers significant investment potential. The asking price is $500,000. The property is situated west of the Spokane Valley Eagles building.

    Property Features for 16801 Sprague Ave

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1 Acre lot (approx.), to be verified by survey.
    • Mixed‑use zoning allowing single‑family, multi‑family, and apartment development.
    • Land west of existing building; buyer responsible for survey and property division from Spokane Valley Eagles.
    • Buyer responsible for fire hydrant relocation.
    • New NW corner easement granted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fraternal Order of Eagles Fraternal Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.179601
    Latitude
    47.6583616

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    FAQs

    What type of property is this?
    Land - 1-Acre Commercial Lot, High Potential
    Where is this land located?
    The property is located at 16801 Sprague Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 1 Acre lot (approx.), to be verified by survey.; Mixed-use zoning allowing single-family, multi-family, and apartment development.; Land west of existing building; buyer responsible for survey and property division from Spokane Valley Eagles.
    Request Owner's contact information
    16801 Sprague Ave Spokane Valley, WA 99037
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    Spokane Valley, WA 99037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16801 Sprague Ave Spokane Valley, WA 99037
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